The
OECDOECD BETTER LIFE INDEX, launched in May 2011 by the Organisation
for Economic Co-operation and Development following a decade of work
on this issue, is a first attempt to bring together internationally
comparable measures of well-being in line with the recommendations of
the Commission on the Measurement of Economic Performance and Social
Progress also known as the Stiglitz-Sen-Fitoussi Commission. The
recommendations made by this Commission sought to address concerns
that standard macroeconomic statistics like
GDPGDP failed to give a true
account of people’s current and future well-being. The
OECDOECD Better
Life Initiative includes two main elements: "Your Better Life Index"
and "How's Life?"

CONTENTS

* 1 History and methodology

* 2 Rankings

* 2.1 2016 ranking

* 3 See also
* 4 References
* 5 External links

HISTORY AND METHODOLOGY

Your Better Life Index (BLI), launched in May 2011, is an
interactive tool that allows people to compare countries' performances
according to their own preferences in terms of what makes for a better
life. It was designed by Berlin-based agency Raureif in collaboration
with
Moritz Stefaner . First published on 24 May 2011, it includes 11
"dimensions" of well-being:

Each topic is built using one to three specific indicators. In the
case of work-life balance, for example, three separate measures are
considered: the number of employees working long hours; the percentage
of working mothers; and the time people devote to leisure and personal
activities. The BLI seeks to engage citizens in the discussion of what
matters most in their lives and what governments should do to improve
well-being.

CanberraCanberra , has been ranked as the world's most liveable city
according to the
OECDOECD Better Life Index for the second consecutive
year, based on results published on 6 October 2014.

How's Life? offers a comprehensive picture of what makes up people's
lives in 40 countries worldwide. The report assesses the above 11
specific aspects of life as part of the OECD's ongoing effort to
devise new measures for assessing well-being that go beyond GDP.

New indicators and dimensions are planned be added to the Better Life
Index in the future. For example, the Better Life Index was criticised
for not showing inequalities in a society . Future editions of the
index are planned to take inequalities into account, by focusing on
well-being achievements of specific groups of the population (women
and men and low and high socio-economic status).